
Digital Yuan
China central bank orders banks to cut off all digital currency OTC merchants
China’s central bank has issued a statement ordering commercial banks to cut off all digital currency-related activities, including over-the-counter digital...
Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments
While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with...
China giving away $6 million in Beijing digital yuan test
The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each...
Alipay to enable test of digital yuan
The move was made possible by the involvement of MYbank, one of the leading internet-only banks in China, which is...
China’s retail giant JD.com pays employees with digital yuan
JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with...
CBDC development is accelerating, but China isn’t winning the race: PwC report
PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
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